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20121124
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, and inherited the big deficit from president bush. over the next three years president obama cut the deficit. he cut it by $200 billion just from last year to this year. so the deficit isn't growing. it's shrinking by a lot. seriously the folks at investor's business daily calculated that the deficit is falling faster than at any time since the end of the second world war. the deficit is falling so fast it might not be able to fall any faster without sending us back into recession. when president obama started, the deficit equalled 10% of the whole economy and now it equals just 7%. so go ahead, boggle your uncle's mind with this chart. the bars below zero represent years when the deficit grew. these bars above zero represent years when the deficit shrunk. we're here right now in the deficit shrunk portion of the chart. the point of the shrinkingest shrinking on the whole chart back to 1950. when somebody stops inevitably nattering about the fiscal cliff and the skyrocketing deficit, they don't know what they're
it or not, the fiscal cliff. huge spending cuts and tax hikes, but president obama wants to raise taxes on rich americans. how about sitting with voters? instead of raising tax rates on the american people and accepting the damage it will do to our economy, let's start to actually solve the problem. now let's focus on tax reform that closes special interest loopholes and lowers tax rates. you know what? and it won't kill the country if we raises taxes on millionaires a little bit. it really won't. i don't think. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ >> welcome back, time for a quick check of the headlines, pope benedict xvi presiding over the ceremony today. to elevate six n
up, i think the argument that obama will have to essentially extend the tax cuts as is come from of the 20 d's who are up, many of them in quite red states and the r's -- either very strong candidates because they all survived in 2008 and got elected against the obama landslide that year. whereas obama agreed to continue the tax cuts because he feared his own reelection, this time it is the democrats in the senate in a similar position obama was. >> thank you very much. i believe there are two narratives and it seems like both are legitimate in their own way. but there is also the question of political psychology. and it is clear some republicans, some moderate republicans, some neo- conservatives, some people who were advisers to governor romney, that they do think that president obama got a mandate and suggest the republicans make major concessions. to what extent in your conversation with house republicans, to what extent this feeling is kind of common among rank and file members? >> the cheerful news from the taxpayer perspective is that the republicans are not at all spooked
who else thought that, president obama. in the lame duck of december, 2010, those were his act words in the rose garden why we need today extend the bush tax cuts. >> alisyn: stick around for a minute because 2016 is right around the corner and is jeb bush really considering a run for president? we're going to-- >> what's so funny? >> and we'll ask in two minutes, stick around. >> imagine in 2016, it's clinton versus bush. will jeb bush run for the republican nomination. >> i think he could give it
Search Results 0 to 3 of about 4

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